Raising Money for Grocery and Related Products Wholesalers

With these bank loans for grocery and related products wholesalers, the SBA guarantees the lender that the loan will be repaid. This grocery and related products wholesalers loan for $1,016,000 was given to a Colorado entrepreneur in 2000.

This small firm knew how to go about getting a business bank loan. Based in Derby, Colorado, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was United Western Bank, based in Denver, Colorado.

SBA Loan Borrower

COMPANY TYPE: GROCERIES AND RELATED PRODUCTS
DERBY, CO 80216

SBA Loan Lender

UNITED WESTERN BANK
700 17TH ST, STE 100
DENVER, CO 80202

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5149 - Groceries and Related Products

NAICS Code

422490 - Grocery and Related Products Wholesalers

Loan Approval Date

1/28/2000

Loan Approval Gross Amount

$1,016,000

Loan Approval from the SBA

Of the total $1,016,000 loan amount, the SBA guaranteed $749,990.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 23 employees. The loan application indicated that the loan would help retain 23 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Derby CO, you ought to talk with a local Derby SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Derby businesses.

This SBA loan was for $1,016,000. How would you spend $1,016,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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